Tag Archives: gift tax

Top Estate Planning Tips For Same-Sex Couples

September 20, 2011.  Top Estate Planning Tips For Same-Sex Couples (San Francisco Chronicle).  Estate planning can be confusing and difficult for anyone.  For same-sex couples, the hurdles can sometimes be insurmountable.  Every state has its own laws regarding marriage and …

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Money Issues Of Surviving Spouses

September 18, 2011.  Money Issues Of Surviving Spouses (Wall Street Journal).  The death of a spouse is a wrenching event.  To make the pain and anxiety worse, survivors find themselves grappling with financial and legal questions at a time when …

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Top 5 Reasons To Beware Of Joint Ownership Between Generations

September 13, 2011.  Top 5 Reasons To Beware Of Joint Ownership Between Generations (Forbes).  Celebrities are not the only ones to make mistakes with their estate planning.  It happens to people all across the country on a regular basis.  The …

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Estate Planning: Asking The Hard Questions

September 12, 2011. Estate Planning: Asking The Hard Question (Wall Street Journal).  Have you created an estate plan for your family?  Have your parents discussed their own estate plans with you?  How did that conversation go?  I’ve been thinking a …

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Funeral Planning: How To Avoid Paying Beyond The Grave

August 29, 2011.  Funeral Planning: How To Avoid Paying Beyond The Grave (Reuters).  No one likes to think about the time when they will shuffle off this mortal coil.  That’s why getting our parents or even ourselves to do estate …

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Tax Tips For Harvey Golub (And Other Millionaires)

August 25, 2011.  Tax Tips For Harvey Golub (And Other Millionaires) (Wall Street Journal).  Hey, Harvey Golub — I’m sorry to hear about your tax problems!  In a rebuttal to Warren Buffett’s call for higher taxes on the super-rich, you …

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With Taxes, Giving May Be Worse Than Receiving

August 24, 2011.  With Taxes, Giving May Be Worse Than Receiving (Forbes).  The Bible suggests it is better to give than to receive, even when you give up a lot.  In O. Henry’s “The Gift of the Magi,” a struggling …

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Beware New Estate Tax Election

August 19, 2011.  Beware New Estate Tax Election (Forbes).  It’s old news to talk of the great estate tax timing everyone assumes people got if they died in 2010, the one year in recent memory there was no federal estate …

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Estate Executors Must Decide 2010 Tax By Nov. 15, IRS Says

August 5, 2011. Estate Executors Must Decide 2010 Tax By Nov. 15, IRS Says (Bloomberg). The Internal Revenue Service is giving executors of estates of people who died in 2010 until Nov. 15 to opt out of the estate tax. …

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Tax Changes For Gay Married New Yorkers

August 3, 2011.  Tax Changes For Gay Married New Yorkers (New York Times).  Now that gay marriage is legal in New York, legally wed couples will be subject to new state tax rules, which affect everything from income and sales …

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Debt Crisis Could Change Estate Tax

August 2, 2011.  Debt Crisis Could Change Estate Tax (The Street.com).  Anyone looking to leave a sizable financial legacy to his or her family has dodged a tax bullet — for now.  Those with significant wealth have watched the debt …

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As An Asset Protection Trust, Henry’s Trust Was A Notable Failure

August 1, 2011.  As An Asset Protection Trust, Henry’s Trust Was A Notable Failure (Forbes).  Matter of Irrevocable Asset Protection Trust of Henry C. Rohlf, 2011 WL 3201798 (Del.Ch., Unpublished, July 12, 2011).  Henry created a self-settled Delaware Domestic Asset …

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How Dad’s Planning Helped Us Cope

August 1, 2011. How Dad’s Planning Helped Us Cope (Today.com).  My father had a plan to tackle nearly every situation.  I didn’t realize what a truly generous and lasting gift that would be until he was gone.  Six weeks ago, …

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Amy Winehouse Got Her Will Right

July 27, 2011.  Amy Winehouse Got Her Will Right (MSNBC Money).  The late Amy Winehouse was many things to many folks — fabulous talent, an inspiration to Lady Gaga, an addict who couldn’t quite shed her demons all come to …

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When Estate Plans Fail

July 23, 2011.  When Estate Plans Fail (Wall Street Journal).  In the rush to button down an estate plan, people often spend most of their time focusing on the big questions and overlook small—but increasingly crucial—details. Even the simple question …

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A Trust Surges, Heirs And Taxes In Mind, But Mind The Details

July 22, 2011.  A Trust Surges, Heirs And Taxes In Mind, But Mind The Details (New York Times).  Jacqueline Kennedy Onassis is remembered for many things — as a first lady, a preservationist, a fashion icon.  But her legend stands …

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Getting Personal: Retirement Savings New Focus For Tax Advisers

July 21, 2011.  Getting Personal: Retirement Savings New Focus For Tax Advisers (Wall Street Journal).  The new, higher threshold for the federal estate tax has many heirs happily thinking they won’t have to surrender a big piece of their inheritance.  …

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How To Avoid An Inheritance Battle

July 21, 2011.  How To Avoid An Inheritance Battle (Reuters).  We’ve all read about huge family fortunes squandered in legal battles between siblings after the patriarch or matriarch dies. While most of us wouldn’t make national headlines regarding our estate …

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New Heirs Face Confusing Tax Choice

July 13, 2011.  New Heirs Face Confusing Tax Choice (Forbes).  Being an executor is a difficult job. An executor–the person or institution that is in charge of administering an estate–must sort through the remnants of someone’s life, carry out his …

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How To Cut State Death Taxes Without Moving

July 13, 2011.  How To Cut State Death Taxes Without Moving (Forbes).  Currently, the District of Columbia and 22 states impose a state death tax.  Taxpayers in these state have an opportunity to reduce and even avoid state death taxes …

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